Odaily Planet Daily News The Russian Supreme Court is pushing for the classification of cryptocurrencies as property in criminal cases, aiming to strengthen law enforcement's ability to track, freeze and confiscate illegal digital assets. The Supreme Court is participating in the drafting of a "legislative initiative aimed at treating digital currency as property in criminal proceedings," a move that could strengthen law enforcement's ability to deal with crypto-related crimes. It is worth noting that this is not the first time that the Russian Supreme Court has dealt with cryptocurrency issues in legal proceedings. In 2019, the court ruled that if digital currency was obtained through illegal activities, especially cases involving drug trafficking, exchanging Bitcoin for rubles constituted money laundering. The court's ruling further indicated that cryptocurrencies may fall under the jurisdiction of existing anti-money laundering laws. In addition, in 2021, the court ruled that the electronic currency WMZ used in the Webmoney Transfer system was legally recognized as a civil rights object, setting a precedent for Russia's legal treatment of digital assets. These early rulings indicate that the Supreme Court is working to incorporate cryptocurrencies into the country's judicial framework. (Bitcoincom.News)

According to PANews, the Russian Supreme Court is advocating for the classification of cryptocurrencies as property in criminal cases. This initiative aims to enhance law enforcement's ability to track, freeze, and confiscate illegal digital assets. The court is involved in drafting legislation to recognize digital currencies as property in criminal proceedings, thereby strengthening the handling of crypto-related crimes. This is not the first time the Russian Supreme Court has addressed cryptocurrency issues in legal proceedings. In 2019, the court ruled that converting Bitcoin into rubles constitutes money laundering if the digital currency was obtained through illegal activities, particularly in drug-related cases. This decision indicated that cryptocurrencies could fall under existing anti-money laundering laws. Furthermore, in 2021, the court recognized the electronic currency WMZ, used in the Webmoney Transfer system, as a legal civil rights object. This set a precedent for the legal treatment of digital assets in Russia. These earlier rulings demonstrate the Supreme Court's efforts to integrate cryptocurrencies into the country's judicial framework.

Odaily Planet Daily News: In response to the criticism of "CZ suggested that Bybit suspend withdrawals" by community users, Slow Mist Yuxian posted on the X platform: "To be honest, from a security perspective, the suggestion to urgently stop the wallet system when the reason is unknown is correct. In addition, Bybit's theft this time shows that they respond very quickly and locate the problem very quickly. We and some security teams were the first to intervene in the communication and exchange, quickly identify the problem and speculate on the hacker portrait, and we went to rest around 3 am. Bybit must have opened withdrawals in time when everything was ready. I think there is nothing wrong with it. It's a pity that many people are now consuming this dispute internally, but forgetting who our common enemy is."

The post Biggest Crypto Hack Ever: North Korea’s Lazarus Group Steals $1.5B from Bybit! appeared first on Coinpedia Fintech News In what’s being called the biggest crypto hack in history, the notorious North Korean hacker group Lazarus has been linked to the massive $1.5 billion exploit on Bybit. Blockchain intelligence firm Arkham Intelligence confirmed the group’s involvement, citing... source: https://coinpedia.org/news/biggest-crypto-hack-ever-north-koreas-lazarus-group-steals-1-5b-from-bybit/

Odaily Planet Daily News Bitget launched a limited-time event for ETH Financial Management, which is now open for subscription. Details are as follows: High-interest fixed-term financial management event 1: Period: 14 days APR: 10% Subscription limit: 20 ETH High-interest fixed-term financial management event 2: Period: 7 days APR: 50% This product is exclusive to new users.

Odaily Planet Daily News: Casey Taylor, Global Support Director of DragonFly, gave a high evaluation and detailed review of the "Bybit official quick handling of the $1.5 billion theft" on the X platform. She mentioned: "After experiencing the largest hacker attack in the history of cryptocurrency, Bybit staged a master-level crisis management communication process. Among them, the quick and timely response of the CEO, the quick and transparent follow-up actions, the online live broadcast response, the calm performance under pressure, the clear live broadcast management, the clear timeline, the numbers, and the planning and taking the corresponding risks of security vulnerabilities are all worthy of learning for other exchanges and project parties." In addition, she mentioned: "Note that the incident is still fermenting, and the facts may change as more information emerges. Although DragonFly is an early investor in Bybit, we receive the latest news at the same time as the public and are committed to maintaining transparency as the incident develops."

ChainSwap is set to launch a Telegram-based DeFi trading bot in Q1 2025, enabling seamless cross-chain swaps across major blockchains directly within Telegram’s interface. <p>The post ChainSwap to Launch Telegram DeFi Trading Bot in Q1 2025 first appeared on Ecoinimist.</p> source: https://ecoinimist.com/2025/02/22/chainswap-to-launch-telegram-trading-bot/?utm_source=rss&utm_medium=rss&utm_campaign=chainswap-to-launch-telegram-trading-bot

The post Crypto News Today (Feb 22nd, 2025): Bybit Exploitation Sends Shock Waves to Bitcoin & Ethereum appeared first on Coinpedia Fintech News The cryptocurrency market experienced a downturn following a major security breach at Bybit, where hackers managed to drain $1.4 billion in Ethereum. This has rattled investor confidence, leading to a wave of liquidations worth $566.64 million,... source: https://coinpedia.org/news/crypto-news-today-feb-22nd-2025-bybit-exploitation-sends-shock-waves-to-bitcoin-ethereum/

The post North Korean Lazarus Group Behind $1B Bybit Hack – Arkham Intelligence appeared first on Coinpedia Fintech News Bybit, one of the world’s largest crypto exchanges with more than 60 million users has recently found victim of more than $1 billion. As questions arose about who was behind the attack, renowned blockchain investigator ZachXBT stepped forward with concrete evidence, linking... source: https://coinpedia.org/news/north-korean-lazarus-group-behind-1b-bybit-hack-arkham-intelligence/

Odaily Planet Daily News According to official data, in the 7 days ending February 20, Circle issued about 2.1 billion USDC, redeemed about 2 billion USDC, and the circulation increased by about 100 million. The total circulation of USDC is 56.1 billion, and the reserve is about 56.4 billion US dollars, of which about 6.9 billion US dollars are in cash, and the Circle Reserve Fund holds about 49.5 billion US dollars.

On February 22, 2025, AB DAO officially announced that AB tokens will be listed on BingX exchange in the near future, and an official announcement will be issued after the launch.

Suspicious fund outflows were detected on Bybit, amounting to as much as US$1.46 billion.

On February 21, the White House issued a presidential memorandum entitled "'America First' Investment Policy."

Cryptocurrency exchange Bybit disclosed that its Ethereum multi-signature cold wallet was subject to unauthorized activity, resulting in the theft of nearly $1.5 billion in ETH and stETH assets.

CryptoQuant CEO Ki Young Ju tweeted that the coin season has begun.

Golden Finance launches the 2609th issue of "Golden Morning 8" - a morning report on the cryptocurrency and blockchain industry, providing you with the latest and fastest news on the digital currency and blockchain industry.

Investors unknowingly fell into the capital harvesting trap of "celebrity + Meteora + big truck".

Meme as a way of issuing assets is no longer friendly to ordinary people. Any asset issuance method, including Binance's vote for PI retro, has the heavy task of innovating the deep-rooted problems at its birth, but without any exception, they have all changed.

SBF has begun to move clearly toward the Republican Party, criticizing the Biden administration and may be seeking amnesty.

Golden Finance launches "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and Metaverse industry news.